Electronic Tele-Communications Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
July 30, 2014 at 01:06 pm EDT
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Electronic Tele-Communications Inc. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net earnings of $6,163 or $0.00 per class A common share compared to $108,054 or $0.04 loss per class A and class B common share for the same quarter ended June 30, 2013. Net sales were $451,262 compared to $489,259 for the same quarter ended June 30, 2013. Earnings from operations were $12,032 compared to $23,744 for the same quarter ended June 30, 2013. Earnings before income taxes were $6,163 compared to $108,054 for the same quarter ended June 30, 2013.
For the six months, the company reported net earnings of $22,247, or $0.01 per class A and class B common share compared to $108,187, or $0.04 per class A and class B common share, for the same period ended June 30, 2012. Net sales were $943,997 compared to $925,123 for the same period ended June 30, 2013. Earnings from operations were $33,950 compared to $30,835 for the same quarter ended June 30, 2013. Earnings before income taxes were $22,247 compared to $108,187 for the same quarter ended June 30, 2013.
Electronic Tele-Communications, Inc. designs, manufactures, and markets digital voice information systems and related services. Its equipment provides a range of audio and computer information and call handling capabilities via telephone networks, computer networks, and the Internet. Its digital voice information systems deliver network interoperability and various applications. Its applications include automatic callback, changed number with call completion, repeat dialing, and wake-up/reminder services enable providers to differentiate themselves from their competition. It offers a range of services, which include professional recording, turn-key installations, on-site trainings, and 24-hour technical support. It provides time weather temperature systems and related services. Its customers include independent telephone companies, long distance companies, wireless carriers, cable companies, utilities, telecommunications manufacturers, and other businesses and organizations.
ELECTRONIC TELE-COMMUNICATIONS, INC. 
